How much does Recurrent Energy Power Services UK Limited make?

Recurrent Energy Power Services UK Limited reported revenue of £18.6m and a loss of £1.3m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Recurrent Energy Power Services UK Limited have?

Recurrent Energy Power Services UK Limited reported an average of 123 employees in the year to 31 Dec 2024.

Is Recurrent Energy Power Services UK Limited profitable?

No — Recurrent Energy Power Services UK Limited reported a loss of £1.3m in the year to 31 Dec 2024.

Company No. 10881452 · Incorporated 25 Jul 2017

Recurrent Energy Power Services UK Limited

Registered name: RECURRENT ENERGY POWER SERVICES UK LIMITED

Part of Canadian Solar Inc group

Recurrent Energy Power Services UK Limited made £18.6m revenue and a £1.3m loss in the year to 31 Dec 2024.

Recurrent Energy Power Services UK Limited’s revenue was £18.6m in the year to 31 Dec 2024, with a loss of £1.3m and 123 employees. The company is classified under “repair of other equipment” and is based in Newark; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 33190Repair of other equipment

Status: Active
Location: Newark, East Midlands
Age: 9 yrs · since 2017
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£18.6m

Growth —

Profit

−£1.3m

Growth —

Profit margin

−7.1%

Gross 7.1%

Employees

123

Change —

Profit / employee

−£10.7k

Revenue/employee £152k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.2m	£18.6m
Cost of sales	£9.2m	£17.3m
Gross profit	£990k	£1.3m
Operating profit	−£2m	−£1.3m
Profit before tax	−£2m	−£1.3m
Profit after tax	−£2m	−£1.3m
Profit (best available)	−£2m	−£1.3m
Staff costs	£4.3m	£6.3m
Employees (average)	131	123
Ratios
Profit margin	−19.4%	−7.1%
Gross margin	9.7%	7.1%
Revenue per employee	£77.9k	£152k
Profit per employee	−£15.1k	−£10.7k
Balance sheet — indirect signals, not revenue
Cash at bank	£473k	£938k
Net assets	£425k	−£890k
Fixed assets	£77.2k	£221k
Current assets	£4.8m	£4.2m
Debtors	£1.9m	£2.4m
Deferred income	£1.6m	£547k
Source	FullAccounts · bulk data May 2026	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: −7.1%; Profit ÷ revenue.
Gross margin: 7.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £152k; Revenue ÷ average employees.
Profit per employee: −£10.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now −£890k
Cash at bank: —; Now £938k
Headcount: —; Now 123
Deferred income: —; Now £547k
Fixed assets: —; Now £221k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Canadian Solar Inc (registered outside the UK register)ultimate parent75–100%
Canadian Solar UK Projects Ltd75–100%
Recurrent Energy Power Services UK Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (13)

Canadian Solar Argentina Investment Holding LtdFigures not disclosed
Canadian Solar Construction LimitedFigures not disclosed
Canadian Solar Israel LimitedFigures not disclosed
Canadian Solar Poland Holding LtdFigures not disclosed
Collace Solar LimitedFigures not disclosed
CS UK Holdings III LimitedFigures not disclosed
Cumnor Solar Farm LimitedFigures not disclosed
Postcombe and Lewknor Solar Farm LimitedFigures not disclosed
Rewe 10 LimitedFigures not disclosed
Rewe 12 LimitedFigures not disclosed
Roxby Solar LimitedFigures not disclosed
Stokes Lane Solar Farm LimitedFigures not disclosed
Yardley Road Solar Farm LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1.3m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.